September 29, 2000
News Release 00-124
ITC'S INTERNATIONAL ECONOMIC REVIEW
FEATURES ARTICLES ON U.S.-JAPAN AGREEMENT ON TELECOMMUNICATIONS
AND THE IMPACT OF FREER TRADE ON THE ENVIRONMENT
The U.S.-Japan Telecommunications Agreement and the impact of freer trade on the environment
are the topics covered in the current issue of the International Economic Review (IER), a publication
of the U.S. International Trade Commission's Office of Economics.
The IER is produced as part of the ITC's international trade monitoring program. The program's
purpose is to keep the Commission informed about significant developments in international
economics and trade and to maintain the Commission's readiness to provide technical information
and advice to policymakers in the Congress and the executive branch.
The opinions and conclusions of the IER are those of the author and do not necessarily reflect the
views of the Commission or of an individual Commissioner.
The current issue (August/September 2000) includes the following articles:
The current issue of the IER (USITC Publication 3354, August/September 2000) will be available
on the ITC's Internet site at www.usitc.gov. To request a printed copy, write to the Office of the
Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, D.C. 20436 or
fax requests to 202-205-2104.
- United States-Japan Agreement on Telecommunications Access Fees to Reduce Costs and
Likely Increase Competition --- On July 18, the United States and Japan reached an
agreement under which Japan will reduce its telecommunications fees. The agreement is
expected to result in a savings of $2 billion over two years for U.S. and other competitive
carriers. It is also expected to increase access to Japan's telecommunications market.
- Measuring the Impact of Freer Trade on the Environment --- It is often thought that a more
open trading system and a high level of environmental quality are conflicting objectives. Yet
freer trade has multiple indirect effects on environmental quality, which could on balance be
beneficial or detrimental. Recent studies which measure these effects find that overall, the
impact of freer trade on the environment is likely to be small, and may be beneficial. The
presence of well-designed environmental policies makes this outcome more likely.
To be added to the mailing list for the publication, write to the Office of Economics, U.S.
International Trade Commission, 500 E Street SW, Washington, D.C. 24036 or fax requests to